First-Time Home Buyers See Some Hurdles Lowered as Others Rise

National Mortgage News, Aug. 30, 2022–Bonnie Sinnock (subscription)
The slowing in residential real estate hasn’t helped with affordability in the entry-level market, but it has slightly relieved competition that previously boxed out purchasers in that segment. Borrowers with FHA-insured loans now sometimes have a chance to put in an offer unopposed rather than contending with 10 to 15 other offers as they would have last year, Mortgage Bankers Association Chief Economist Mike Fratantoni said. (MISMO mention)